Lifestyle

Birdman in Extreme Debt, Lavish Miami Mansion Could Be Lost!

Cash Money Records head Birdman is reportedly $12 million in the hole. New reports claim the hip-hop mogul owes the big bucks on a major loan.

According to a report, Baby could lose his Miami mansion over the multi-million dollar loan.

“According to court documents obtained by The Blast, Birdman borrowed the $12 mil in 2015 from a company called EMG Transfer Agent. The rapper put up his Miami mansion — the one he bought in 2012 for $14.5 million — as collateral for the loan. But Birdman defaulted on the loan and EMG wants the house foreclosed on so they can get their money. They are looking for their $12 mil plus interest and late charges. (The Blast)”

Last month, buzz developed about singer Tamar Braxton possibly confirming Birdman and Toni Braxton wedding gossip.

In October, a Braxton representative came forward to shut down a Baby marriage rumor.

Source: SOHH.com

Featured Image: HipHopDX

Inset Image: SOHH.com

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